A$38.1 billion Gina

"The court ruling in Gina Rinehart’s mining dispute reveals a lot about the nation’s inherited wealth. And for the past 20 years or more, she has been fighting her own children in a series of court cases that are still continuing."

"Such disputes over massive inheritances are exactly what would be expected in the “patrimonial” society described by economist Thomas Piketty in his book Capital, a big hit a decade ago. This refers to a society where wealth and social position are dominated by inherited capital, not earned income." >>
https://theconversation.com/the-court-ruling-in-gina-rineharts-mining-dispute-reveals-a-lot-about-the-nations-inherited-wealth-280721

#UltraWealthy #wealth #inequality #inheritances #EarnedIncome #wages #BankofMumAndDad #WealthTax #family #extractivism

Deemed the single greatest anti-poverty program in the United States, the earned income tax credit can pay working families up to $7,430 in 2024 (for 2023 returns). Learn about how it works, how to claim it, and if you're eligibile.

#tax #taxes #earnedincome #eitc #earnedincomecredit

https://www.msn.com/en-us/money/taxes/grab-up-to-7-430-with-this-tax-break-for-workers-20-miss-it/ss-BB1h84YC?cvid=f8816de2361f4266cf8883b8736b2e2b&ei=12&ocid=socialshare

We've had a great response to our latest report launched exclusively with The Guardian.

It explains how the government could more fairly tax earned and unearned income:

https://www.if.org.uk/research-posts/play-fair-equalising-the-taxation-of-earned-and-unearned-income/

The current UK tax regime strongly favours unearned income over earned income. This has led to a tax system that is unfair and inefficient.

#taxation #taxpolicy #income #youngpeople #intergenerationalfairness #fairtaxation #earnedincome #unearnedincome #cgt #rentalincome